V Elliott Wave technical analysis
Function: Trend.
Mode: Impulsive.
Structure: Motive.
Position: Wave 1.
Direction: Upside in wave 1 of (5).
Details: Looking for a bottom in place in wave (4), as we seem to be resuming higher into wave (5). A break and retest of 280$ would provide additional confirmation.
V Elliott Wave technical analysis – Daily chart
The analysis indicates that Visa has likely found a bottom in wave (4), and the price is resuming higher into wave (5). A break and retest of the $280 level would provide additional confirmation of this upward movement. This level is crucial as it would signify the transition from wave (4) to wave (5) and confirm the start of the next impulsive phase.
V Elliott Wave technical analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave {iii} of 1.
Direction: Upside in wave 1.
Details: Looking for additional upside within wave 1 as we are showing in details in the hourly chart. As all minor pullbacks seem clear three wave moves, we can expect further upside to come.
V Elliott Wave technical analysis – One-hour chart
The shorter time frame reveals that Visa is progressing within wave {iii} of 1. The hourly chart shows that all minor pullbacks appear to be clear three-wave corrective moves, which is typical within an impulsive wave structure. This pattern suggests that further upside is expected as wave {iii} continues to unfold.
This Elliott Wave analysis for Visa Inc. (V) examines both the daily and 1-hour charts to provide a comprehensive overview of the current market position and potential future movements.
Visa Inc. (V) Elliott Wave technical analysis [Video]
As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.
Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.
Recommended content
Editors’ Picks
EUR/USD extends recovery beyond 1.0400 amid Wall Street's turnaround
EUR/USD extends its recovery beyond 1.0400, helped by the better performance of Wall Street and softer-than-anticipated United States PCE inflation. Profit-taking ahead of the winter holidays also takes its toll.
GBP/USD nears 1.2600 on renewed USD weakness
GBP/USD extends its rebound from multi-month lows and approaches 1.2600. The US Dollar stays on the back foot after softer-than-expected PCE inflation data, helping the pair edge higher. Nevertheless, GBP/USD remains on track to end the week in negative territory.
Gold rises above $2,620 as US yields edge lower
Gold extends its daily rebound and trades above $2,620 on Friday. The benchmark 10-year US Treasury bond yield declines toward 4.5% following the PCE inflation data for November, helping XAU/USD stretch higher in the American session.
Bitcoin crashes to $96,000, altcoins bleed: Top trades for sidelined buyers
Bitcoin (BTC) slipped under the $100,000 milestone and touched the $96,000 level briefly on Friday, a sharp decline that has also hit hard prices of other altcoins and particularly meme coins.
Bank of England stays on hold, but a dovish front is building
Bank of England rates were maintained at 4.75% today, in line with expectations. However, the 6-3 vote split sent a moderately dovish signal to markets, prompting some dovish repricing and a weaker pound. We remain more dovish than market pricing for 2025.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.